Canada's Richelieu Hardware Q1 revenue rises on acquisitions

Richelieu Hardware

09/04/2026 16:23

Overview

Canada specialty hardware distributor's Q1 revenue grew 5% yr/yr, driven by acquisitions and internal growth

Net earnings for Q1 rose about 3% yr/yr

Outlook

Company says it will continue to pursue acquisition opportunities in 2026

Richelieu expects to meet demand in specialized markets and housing/renovation projects

Result Drivers

ACQUISITIONS - Co said acquisitions contributed 3.0% to Q1 sales growth, including three new U.S. distribution centers

INTERNAL GROWTH - Co said internal growth accounted for 2.0% of Q1 sales increase

CURRENCY IMPACT - Co said appreciation of the Canadian dollar reduced reported sales growth by 2 percentage points

Company press release: ID:nCNWCBz01a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Slight Miss*
C$463.6 mln
C$464.60 mln (2 Analysts)
Q1 EPS
C$0.26
Q1 Net Income
C$14.4 mln
Q1 EBITDA
C$43.2 mln
Q1 EBITDA Margin
9.3%


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the construction supplies & fixtures peer group is "buy."

Wall Street's median 12-month price target for Richelieu Hardware Ltd is C$42.00, about 3.7% above its April 8 closing price of C$40.51

The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 22 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)